Paper 1 Part B essay on Behavioral Economics and sample response!

Hey everyone!

Here is a sample 15-mark question related to topics from behavioral economics (specifically: rational consumer choice), along with a sample essay response to the question!

Enjoy 😉

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Real-world examples for part b essays: Labor Markets and Unemployment

Paper One part (b) essays now require fully developed real-world examples. I always advise my students to weave the examples into their analysis and evaluation.

I have created a discussion of real-world examples of changes in labor markets in the US as a result of the coronavirus pandemic. These can be used to respond to Paper One part (b) essays about topics related to labor markets and unemployment.

How to respond to a paper 1 part a essay question in the new IB Economics syllabus?

The paper 1 part a essay for the new IB Economics syllabus (first exams 2022) is not that different from the old syllabus.

The only difference in the 10-mark essay question in paper 1 is less of an emphasis on real-world examples. Also, students can now spend up to 30 mins on the essay, as opposed to about 20 mins in the old syllabus.

Focus is given to understanding the specific demands of the question, as well as effectively explaining relevant economic theory and drawing/fully explaining a relevant diagram.

Because of that, I teach my students a DEDU framework (which contrasts with the old DEED framework).

Here’s my video explaining how I teach my students to structure their essay:

Paper 1 Part A Practice Question – The Production Possibilities Curve (PPC)

I have decided I’m going to build a series of practice questions for the extended response-type questions in the new IB Economics syllabus: paper 1 parts a and b, paper 2 part g, and paper 3 part b!

So here’s my first attempt! It’s from the first unit, the foundations of economics unit, and it’s about the Production Possibilities Curve!

Enjoy and please feel free to like, share, comment, and subscribe!